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With the world economy still recovering from the Global Financial Crisis (GFC), unemployment continues to hamper many countries and people are struggling to find work and study opportunities.…
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Unemployment. Only one man is unemployed in a city of 100,000 is his personal trouble, and for its relief we properly look to the character of the man, his skill, and his immediate opportunities. But when in a nation of 50 million employees, 15 million men are unemployed, that is an issue, and we may not hope to find its solution within the range of opportunities open to any one individual.…
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A. Background of the Study When we were still kids, we dream of what we want to be in the future. Older people will usually ask us if what we want to be in the future. Most of us will say, they want to be a doctor, lawyer or engineer to name some. We think and think about our career, but once we are already in the college level, we now dream to become successful in life and have a stable job. But with the rate of unemployment here in country continue to increase, there are no guarantee that once we graduated we will have a job immediately. Unfortunately, many still fail to have stable jobs. Some even can’t find a job even though they graduated from top schools. Then we found ourselves ending in the pool of unemployment. Unemployment is indeed a very important issue all over the world. People are getting laid off, some cannot find a job, and the number is increasing. Government wants to achieve full employment but we all know that it will never happen simply because there are…
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Unemployment is an extremely serious and scary issue due to the effect it has on our current state of economy. As a student and a future graduate, I am extremely concerned with this subject. If the job-market situation does not change for better, unemployment can represent a serious issue for all students, recent graduates, and current unemployed workers. And can have a significant effect on socioeconomic conditions and therefore, economy itself.…
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In the wake of what some people are calling “The Great Recession” unemployment rates among recent college graduates in the United States has reached its highest rate since the 1970s. According to a study done by Northwestern University and Drexel University in Conjunction with the Economic Policy Institute based on data collected by the Census Bureau’s Population Survey of the U.S. Department of Labor approximately 18.4% (more than half a million) of bachelor’s degree recipients reported unemployment. This shocking statistic can be credited to a variety of different factors including overcrowded job markets, seemingly unrealistic expectations from employers and our country enduring the aftermath of the aforementioned recession.…
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After leaving University many students find themselves in a strange environment, jobless and for the first time in their life free from education. A percentage of graduates will have been wise enough, or lucky enough, to have already been with an organisation and for them university was just a requirement of their current bosses. Some may have chosen to complete ‘sandwich’ courses and having impressed during their years gap in the workplace may be walking straight into their life’s career. For the rest of graduates they will be fighting to try and prove to those hiring that they have the edge on every other student in their same situation. The hunt for a post university job is one which can be extremely demanding with the guardian suggesting figures as high a 70 applicants per job vacancy and the number of available positions falling by nearly 7%. (The Guardian; Jeevan Vasagar; 2010). All of this is pushing students to look at their employability and really see how they can best succeed in the graduate labour market.…
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Since educational level has been essential in global society, there is an increase of higher education’s demands in labour markets. These are affecting both new graduates and existing workers who are looking for jobs. In addition, various companies today require a lot of skilled people to work in their companies. Interestingly, the unemployment situation is still occurring, even though the high educational requirement in the global work place is high. This essay highlights three main problems. First of all, it will address the role of higher education and competences in the labour market. The second part will consider mismatch between the number of job positions and quantity of graduates. The final level of the analysis includes the awareness of students in the higher education and skills.…
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As a result of today’s economy, I can see assume that it is one of the major factors in increasing unemployment rates for college graduates. I also know that students being rejected from jobs are because they did not look for experience or…
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On top of that, college graduates cannot always get a success. Although people entrance into the university, many of them cannot find their aptitude and cannot make decision what they will do after graduation. After that, they get a job which they are not interested in even if they wander all over fields during their college years. In addition, deficiency of interest and passion for the work causes low performance and it can affect to the annual salary. On the other hand, people committing to one job tend to be content their works because they choose specific field where they eager to be involved, instead of going to college. The satisfaction and passion influence to the better performance, then people who without college degree can make larger earnings.…
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To have a stable job is the immediate goal of a graduate. They are so excited in securing job for them to earn for the future and help their parents. They believe that employment is a way to uplift the status of their life.…
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Unemployment is always the result, when the available workplaces cannot adapt to the job seekers. When the number of persons, who offer their working capacities, exceeds the number of available workplaces, this leads to a lack in workplaces. Loosing a job can be the most distressing economic event that can occur in a person’s life. Most people rely on labor earnings to maintain there standard of living, and many people get from there work not only income but also a sense of personal accomplishment. Loosing a job means a lower standard of living cutting down on many necessities and of course all the luxury’s in life. Then comes the anxiety about the future and insecurity. In our society where money means success the unemployed feel useless and consider themselves a failure.…
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There are limited historical records on unemployment because it has not always been acknowledged or measured systematically. According to the Department of Statistics Malaysia on 30 November 2010 report that the current rate unemployment in Malaysia is 3.1 percent. The total labor force in September 2010 was 11,561.4. From that, 11,197.2 people are working and the number of unemployed persons was 364.2, or 3.2 percent. From 1998 until 2010, Malaysia’s unemployment rate averaged 3.4 percent reaching an historical high of 4.5 percent in March of 1999 and a record low of 2.9 percent March 1998.…
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According to the 2011 Graduate Tracking Study of the Higher Education Ministry said that they are about 40,000 graduates in the country are still unemployed. The percentage of graduates which are still unemployed was 21 per cent from the public institutions of higher learning, 27 per cent from private intuitions. In addition, The Human Resource Ministry of Malaysia said that there are many graduates are good only in theory and many fresh graduates were unable to meet the expectations of the corporate sector. The concept of employability is general mean that employability refers to a wide range of attributes and competencies that enable the jobs seekers to gain and maintain employment such as, but not limited to the communication skills, logical, analytical and problem solving skills, personality, confidence and integrity, innovation and creativity, flexibility and adaptability and team spirit. Employability skills are not job specific, but are skills which cut involve with all industries and all jobs from entry level to chief executive officer (Sherer and Eadie, 1987). Recently, employer find out that there are a lot of graduates leave universities without the skills, attitude and understanding, all of that are necessary to successfully enter the world of works.…
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The main cause of unemployment is illiteracy. The second cause of it is the unwillingness of doing any work. The third cause is the limited scope of employment. In govt. offices, banks and institutions, the number of posts is fewer than the number of candidates. As the government cannot afford to set up newer institutions and create employment opportunities, the number of unemployed people is increasing day by day.…
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In year 2005, unemployment rate in Malaysia (3.0%) higher than unemployment rate in Cambodia (2.5%). Malaysia is a heaven for job seekers who are not so particular on what job is available. As long as there is a job, they will just take it. The fact is true for foreigners especially from Indonesia, Philippines, Bangladesh, China and many more. With their presence, the field of job market in Malaysia is becoming more competitive. This is because employers prefer to hire these foreigner rather than Malaysian due to the relatively cheaper labor cost and easier to manage. That is why graduate Malaysian who is having straight A’s is no longer to secure a job or to give one a competitive edge in career advancement.…
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